Form 4: NetApp CEO George Kurian Sells Shares Under 10b5-1 Trading Plan
SEC Form 4 Filing
NetApp's CEO, George Kurian, executed sales of common shares on January 21, 2025, under a pre-arranged Rule 10b5-1 trading plan.
Summary
- On January 21, 2025, George Kurian, the CEO of NetApp, sold a total of 8,500 common shares in two separate transactions.
- The first transaction involved the sale of 4,474 shares at a weighted average price of $122.81, with prices ranging from $122.62 to $122.94.
- The second transaction involved the sale of 4,026 shares at a weighted average price of $123.28, with prices ranging from $123.00 to $123.69.
- These sales were executed under a Rule 10b5-1 trading plan adopted on December 19, 2023.
- Following these transactions, Kurian directly owns 271,282 common shares of NetApp.
Sentiment
Score: 5
Explanation: The document is a routine regulatory filing related to stock sales under a pre-arranged trading plan, so it doesn't convey strong positive or negative sentiment.
Industry Context
Executive stock sales are a common occurrence, and sales under 10b5-1 plans are generally viewed as less impactful since they are pre-planned.
Stakeholder Impact
- The stock sale may have a minor impact on shareholder sentiment, but is unlikely to have a significant impact due to the pre-planned nature of the transactions.
Key Dates
| Date | Description |
|---|---|
| 12/19/2023 | Date of adoption of Rule 10b5-1 trading plan. |
| 01/21/2025 | Date of stock sale transactions. |
| 01/23/2025 | Date of Form 4 filing. |
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